Panalpina Annual Report 2006

Consolidated and Annual Financial Statements 2006
116 Panalpina Annual Report 2006
Balance Sheet in EUR
5-years review
in million EUR 2006 2005 2004 2003 2002
Assets 1,311 1,169 1,021 953 983
Change in % 12.17 14.56 7.09 (3.03) 1.86
Current assets 1,103 954 819 777 782
Change in % 15.54 16.54 5.45 (0.69) 7.82
Liquid funds 233 148 160 213 207
Change in % 57.26 (7.43) (24.91) 2.91 20.46
Receivables and other current assets 870 806 659 564 575
Change in % 7.89 22.35 16.91 (1.98) 3.90
Fixed assets 209 215 202 176 201
Change in % (2.80) 6.53 14.28 (12.15) (16.18)
Tangible assets 100 98 103 99 115
Change in % 2.61 (4.98) 4.33 (13.98) (12.80)
Financial assets 45 47 40 44 45
Change in % (5.01) 18.67 (9.35) (3.90) (23.38)
Intangible assets 64 70 59 34 41
Change in % (8.90) 18.48 73.51 (16.21) (16.57)
Liabilities and shareholders’ equity 1,311 1,169 1,021 953 983
Change in % 12.17 14.48 7.18 (3.08) 2.66
Liabilities 703 618 502 479 514
Change in % 13.79 23.18 4.71 (6.85) 0.75
Payables, accruals and deferred income 623 551 419 395 424
Change in % 13.07 31.61 5.98 (6.72) 7.95
Borrowings 17 13 24 21 25
Change in % 30.19 (45.24) 16.84 (17.09) 29.86
Provisions 63 54 59 64 66
Change in % 17.19 (8.81) (7.11) (3.81) (33.44)
Minorities 5 4 2 2 2
Equity 603 547 518 472 467
Change in % 10.35 5.60 9.72 1.10 4.87
Share capital 32 32 32 32 32
Change in % 0.00 0.00 0.00 0.00 0.00
Treasury shares (1.0) (13) 0 0 0
Change in % (26.17) 100.00 0.00 0.00 0.00
Translation differences (41) (37) (55) (44) (36)
Change in % 11.45 (33.46) 25.96 20.69 0.00
Retained earnings 622 564 541 484 471
Change in % 10.27 4.35 11.78 2.67 12.61